Published on 5/24/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $46,000 index-linked notes on Russell, S&P, Dow
Chicago, May 24 – GS Finance Corp. priced $46,000 of 0% index-linked notes due July 3, 2025 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.35 times the return of the least performing index.
If the least performing index falls by up to 5%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performer below 5%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
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Amount: | $46,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.35 times the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 95% buffer level, par; otherwise, 1% loss for each 1% decline of the worst performer below 5%
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Initial levels: | 1,719.37 for Russell, 3,818.83 for S&P, 31,029.31 for Dow
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Buffer levels: | 95% of initial levels
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Pricing date: | June 29, 2022
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Settlement date: | July 5, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.2%
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Cusip: | 40057M7L7
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